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of $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity....

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Accounting

of $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. negative numbers use a minus sign. If an amount box does not require an entry, leave it blank.
Alvarado Company
Income Statement Through Gross Profit
For the Month Ended March 31
Line Item Description
Sales
Cost of goods sold-at standard
Gross profit-at standard .
Variances from standard cost:
Direct materials price
Direct materials quantity
Direct labor rate
Direct labor time
Factory overhead controllable
Factory overhead volume
Net variances from standard cost-favorable
Amount Amount Unfavorable Favorable
$ $
Gross profit
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